Reserve bank of India was started in which year?
Reserve Bank of India was established on 1st April 1935 through
the Reserve Bank of India Act, 1934, when the British Ruled India.
It is the central bank of India that governs the operations of all
banks in the country. It was created to help reduce the economic
troubles in India after the first world war.
Related Q&A：
What are instruments of monetary control at reserve bank of India？Oh boy, there are several instruments of monetary control at the Reserve Bank of India. One of them is the repo rate. That's the rate at which the RBI lends money to commercial banks. Then there's the reverse repo rate, which is the rate at which the RBI borrows from banks. They also use open market operations to buy or sell government securities. And let's not forget about the cash reserve ratio and the statutory liquidity ratio, which determine how much cash and liquid assets banks have to hold. These are all important tools to manage the money supply and keep the economy on track.
